Market Overview for Starknet/Tether (STRKUSDT) – 24-Hour Summary

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• STRKUSDT opened at $0.1339 and closed at $0.1347 after hitting a high of $0.1368 and a low of $0.1326.
• Momentum accelerated into the early hours of 9/17, with price pushing above key resistance around $0.1350.
• Volume spiked sharply between 22:00 ET and 01:00 ET, confirming bullish conviction during a period of rising prices.
• RSI showed overbought conditions in early morning, followed by a pullback, suggesting possible short-term volatility.
• Bollinger Bands widened after 22:00 ET, indicating a shift toward a higher volatility regime.

Starknet/Tether (STRKUSDT) opened at $0.1339 (12:00 ET – 1) and closed at $0.1347 (12:00 ET) after a volatile 24-hour session. The pair touched a high of $0.1368 and a low of $0.1326, with total volume reaching 17,387,708.65 and turnover amounting to $2,339,150.75.

The candlestick pattern displayed a bullish reversal after a prolonged bearish trend, with notable bullish engulfing patterns forming around $0.1340 and $0.1350. A key support level appears to have held at $0.1340, with a possible new support zone emerging between $0.1340 and $0.1336. Resistance levels include $0.1350, $0.1360, and $0.1368, with the latter acting as a recent peak. A bearish harami pattern formed around $0.1354–$0.1353 during the early morning, indicating indecision.

MACD turned positive after 21:30 ET, with a bullish crossover suggesting renewed upward momentum. RSI peaked at overbought levels above 70, then pulled back toward neutral territory, indicating potential for consolidation. Bollinger Bands widened following the breakout above $0.1350, signaling increased volatility. Price closed near the upper band during the morning, suggesting a possible continuation of the bullish phase.

Fibonacci retracement levels from the recent low to high show that the price briefly tested the 61.8% level at $0.1360 before retreating. A retest of the 50% level at $0.1345 may offer a near-term pivot, with the 38.2% at $0.1352 acting as a key resistance ahead.

Backtest Hypothesis
A potential strategy could involve entering a long position upon a bullish crossover of the 20-period and 50-period moving averages, confirmed by a close above the 50-period MA and a RSI above 50. A stop-loss could be placed below the recent swing low at $0.1340, with a target near the 61.8% Fibonacci level at $0.1360. This strategy would aim to capture a continuation of the recent bullish momentum, provided volume remains supportive and Bollinger Bands remain in an expansionary phase.